About CLS:
CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, CLS makes FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day.
Created by the market for the market, our unrivalled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so clients can put their capital and resources to better use.
CLS products are designed to enable clients to manage risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.
Our ambition to make a positive difference starts with our people. Our values – Protect, Improve, Grow – underpin everything that we do at CLS and define and shape a supportive and inclusive working environment in which everyone is encouraged to be open and forward-thinking.
Job information:
- Functional title - Assistant Vice President, Finance Operations
- Department - Finance
- Corporate level – Assistant Vice President
- Report to – Director, Finance Operations
- Location - London
What you will be doing:
- Invoicing & Billing: Prepare and issue accurate invoices in a timely manner according to customer contracts or agreements.
- Payment Processing: Record incoming payments, ensuring they are properly applied to the correct accounts. This includes checks, wire transfers, credit card payments, etc.
- Customer Account Management: Monitor customer accounts and follow up on overdue payments by phone, email, or letter. Maintain a professional and courteous relationship with clients.
- Reconciliation: Reconcile accounts and resolve discrepancies between customer statements and internal records. Work closely with the Finance team to resolve any inconsistencies.
- Reporting: Generate reports on accounts receivable status, aging balances, and cash flow projections. Provide regular updates to management.
- Collections: Assist in the collection process by sending reminder notices, negotiating payment terms, and working with clients to resolve outstanding debts.
- Credit Management: Assist with evaluating and setting credit limits for new and existing clients based on company policy.
- Record Keeping & Documentation: Maintain accurate and up-to-date records of all transactions, invoices, payments, and communications.
- Assist with Month-End/Year-End Close: Support the Finance team with month-end and year-end closing processes related to accounts receivable.
What we’re looking for:
- Previous experience in accounts receivable or a finance role is preferred
- Proficiency in accounting software (e.g., Oracle, SAP, Workday) and Microsoft Office Suite (particularly Excel). Experience with payment processing systems is a plus.
- Strong attention to detail with the ability to identify discrepancies and errors.
- Excellent verbal and written communication skills. Ability to interact professionally with customers and internal teams.
- Ability to prioritize tasks and manage time efficiently to meet deadlines.
- Strong problem-solving skills, especially in dealing with payment disputes or customer queries.
- Self-motivated, reliable, and a team player.
- Proactive and adaptable, with a willingness to learn.
- High level of integrity and professionalism.
Professional qualifications / certifications
- Degree, qualified accountant and ideally previous experience of AR in a work environment.
Our commitment to employees:
At CLS, we celebrate diversity and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:
- Holiday - UK/Asia: 25 holiday days and 3 ‘life days’ (in addition to bank holidays). US: 23 holiday days.
- 2 paid volunteer days so that you can actively support causes within your community that are important to you.
- Generous parental leave policies to ensure you can enjoy valuable time with your family.
- Parental transition coaching programmes and support services.
- Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
- Affinity Groups (including our Women’s Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about DE&I.
- Hybrid working to promote a healthy work/life balance, enabling employees to work collaboratively in the office when needed and work from home when they don’t.
- Active support of flexible working for all employees where possible.
- Monthly ‘Heads Down Days’ with no meetings across the whole company.
- Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
- Private medical insurance and dental coverage.
- Social events that give you opportunities to meet new people and broaden your network across the organisation.
- Annual flu vaccinations.
- Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
- Discounted Gym membership – Complete Body Gym Discount/Sweat equity program for US employees.
- All employees have access to Discover – our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
- Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.
Top Skills
What We Do
In 2022, we celebrate 20 years of delivering unprecedented levels of risk mitigation, liquidity optimization and operational efficiencies.
Trusted by thousands of counterparties within the global FX ecosystem, CLS makes FX safer, smoother and more cost effective. Trillions of dollars worth of currency flows through our systems each day.
Created by the market for the market, our unrivaled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so you can put your capital and resources to better use.
Our complementary products are designed to enable you to manage your risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.
